To Find the Worth of a Property when Tax Amount and Tax Rate % are given (WP-2 Property Tax)

Raheem paid Rs.8,676 as a property tax at the rate of 2%. Find the worth of Raheem's property

Given:

Property tax (Tax Amount) = Rs. 8,676 

Tax rate = 2% 

To Find: 

Worth of the property =? 

Solution:

1st Method: (using the unitary method)

2% of the worth of property = Rs.8,676

1% of the worth of property = `{\frac {Rs. 8676}{2}}`

100% of the worth of property = `{\frac {Rs. 8676}{2}}` x 100

100% of the worth of property = Rs.433,800

The worth of Raheem's property is Rs.433,800.

2nd Method: (using Formula)

The General Formula for Property Tax is 

To find the worth of Property from the above equation can be arranged by using basic mathematic rules.

By putting values

Worth of property =  `{\frac {Rs.8676}{2}}` x 100

Worth of property =  Rs.433,800

The worth of Raheem's property is Rs.433,800.

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